Business
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people…
Tag
Oil
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Oil loading in Venezuela slows, more ships make U-turns after new US interceptions
TANKER loading in Venezuela dwindled on Monday, with most ships moving oil cargoes only between domestic ports following US action against…
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Oil prices gain on US interception of oil tanker off the coast of Venezuela over weekend
OIL prices climbed in early trade on Monday after the US intercepted an oil tanker off the coast of Venezuela in international waters.…
Business
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026 The Middle Eastern oil market has…
Business
Oil posts weekly loss on oversupply concerns
Oil prices closed lower on Friday (Dec 12), marking a 4 per cent weekly decline as a supply glut and a potential Russia-Ukraine peace deal…
Business
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
Oil prices slipped 2 per cent on Monday (Dec 8) after Iraq restored production at one of its oilfields which accounts for 0.5 per cent of…
Business
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara An Indonesian government task force…
Business
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift…
Business
Oil climbs to 2-week high on Fed rate-cut signals, supply concerns
Oil prices edged up nearly 1 per cent to a two-week high on Friday (Dec 5) on increasing expectations the US Federal Reserve will cut…
Business
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose Oil prices settled up on Thursday (Dec…
Business
Malaysia palm oil reserves seen at six-year high as exports slump
Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey.…
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Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Brent and WTI crude futures settled lower on Friday for the fourth straight month, their longest losing streak since 2023, as expectations…
Business
Opec+ holds oil output steady, agrees capacity mechanism
Other members, such as African countries, have seen declines in production capacity but are resisting quota cuts [LONDON/MOSCOW] The…
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Oil climbs after Opec+ reiterates pause with focus on Venezuela
Oil posts a fourth straight monthly drop in November as expectations of a swelling surplus weigh on outlook [LONDON/MOSCOW] Oil rose after…
Business
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five years Crude futures…
Business
Malaysia's palm oil exports to China down almost 29% to October
Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market Malaysia’s palm…
Business
Oil prices settle up 1% on bets Fed will cut US rates and doubts about Ukraine peace
Global brokerages remain split on whether the Fed will cut interest rates at its December meeting after last week’s mixed signals on job…
Business
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes China is importing…
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Oil falls as Ukraine peace talks edge toward a solution
Oil prices slipped on Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the US dollar…
Business
Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
Oil prices eased about 1 per cent on Friday (Nov 21) to settle at one-month lows as the US pushed for a Russia-Ukraine peace deal that…
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AI boom is turning Malaysia’s palm oil estates into data centres
The rush is partly a spillover from Singapore, where a years-long moratorium on new centres forced operators to look north Malaysia’s palm…
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Malaysia palm oil output to meet forecast despite monsoon season, says SD Guthrie
The arrival of the monsoon season has raised concerns about potential disruptions to Malaysian palm oil production over the next two…
Business
Oil falls after loadings resume at key Russian export hub
Oil prices fell in early Asian trade on Monday, erasing last week’s gains, as loadings resumed at the key Russian export hub of…
Business
Consumers feel pinch at pump as Russia drives oil refining boom
(Bloomberg) – It’s a great time to be an oil refiner – but a less great time to be filling up at the pump. In Europe, the US and Asia,…